The QuadrigaCX cryptocurrency exchange says it can't access some $190 million in bitcoin and other funds after its founder and CEO, Gerald Cotten, died at age 30 ó without sharing the password for his encrypted laptop.

The passwords appear to have been entirely inside one person's head.

I know that few people these days expect to die at age 30. But how could that seem like a good idea?

Worse, it reeks of an unregulated industry. The sort that libertarians flock to, then come crawling back from after slightly more savvy criminals take all their money. It’s a libertarian criminal's wet dream. I bet Ross Ulbricht is kicking himself in the can (get it? Because he’s in the can!) for missing out on this.

Worse, it reeks of an unregulated industry. The sort that libertarians flock to, then come crawling back from after slightly more savvy criminals take all their money. Itís a libertarian criminal's wet dream. I bet Ross Ulbricht is kicking himself in the can (get it? Because heís in the can!) for missing out on this.

This seems to be a reoccurring pattern with Libertarians, fiascos akin to Galtís Gulch Chile. The tl;dr regarding GGC is basically a bunch of Ayn Rand LARPers were swindled by an even bigger con artist, and basically were left with no options except to seek help from the government institutions they hate so much.

The money was there ó it was just locked away. At least that's what the QuadrigaCX cryptocurrency exchange had been saying, before an auditor revealed it had finally accessed digital wallets set up by Quadriga's late CEO Gerald Cotten ó and that instead of holding $137 million, the wallets were empty, drained in 2018 [ . . .] months before Cotten's death was reported